BB nod must for NBFIs to lend to subsidiaries

Non-bank financial institutions (NBFIs) will have to take permission from the central bank to lend to their subsidiaries or associates and waive loans or interests.   
29 September 2022, 18:00 PM

Solar outage may disrupt TV broadcasting

Television broadcasts of local channels could be disrupted for a total of 81 minutes from tomorrow to October 7 as the sun could be in direct line with Bangabandhu Satellite-1, disrupting the signal of the satellite.
29 September 2022, 18:00 PM

bKash distributes 50,000 books for underprivileged students

bKash has distributed 50,000 books to 74 organisations, including schools and voluntary organisations working for underprivileged and disadvantaged children, in a bid to cultivate a reading habit among them.
29 September 2022, 18:00 PM

3,000 tonnes hilsa being exported to India

Bangladesh will export around 3,000 tonnes of hilsa to India marking upcoming Durga Puja, the biggest religious festival of the Hindu community scheduled to be held next month. 
29 September 2022, 18:00 PM

DVS to enhance transparency in accounting: expert

The document verification system (DVS) will bring some positive changes to the country’s accounting system and overall economy as it will ensure greater transparency, according to economist Ahsan H Mansur.
29 September 2022, 18:00 PM

Rashid re-elected IBFB president

Humayun Rashid has been re-elected as president of the International Business Forum of Bangladesh (IBFB) for the second consecutive term.
29 September 2022, 18:00 PM

MCCI again seeks trade licence’s validity extension

The Metropolitan Chamber of Commerce and Industry (MCCI) has once again sought cooperation from the National Board of Revenue (NBR) to extend the validity of trade and other business relevant licences to three to five years from the current one year.
29 September 2022, 18:00 PM

Send improved varieties, tech to farmers quickly

Improved varieties of crops and production technologies developed by the Bangladesh Agricultural Research Institute (Bari) should be quickly sent to farmers to ensure development in the sector, according to Agriculture Minister Muhammad Abdur Razzaque.
29 September 2022, 18:00 PM

Treatment plant opens to end CEPZ water crisis

A water treatment plant set up near the Patenga silo jetty was  inaugurated yesterday to purify 3 million gallons daily from the  Karnaphuli river and meet shortages at 148 factories in Chattogram  Export Processing Zone (CEPZ). 
29 September 2022, 18:00 PM

Paper Processing’s profit surges 244pc

Paper Processing & Packaging Limited’s profit surged more than 244 per cent year-on-year in the financial year that ended on June 30. 
29 September 2022, 18:00 PM

DCCI seeks greater market access to Turkey

The Dhaka Chamber of Commerce and Industry (DCCI) has sought investment from Turkey and greater market access to the country in order to boost bilateral trade between the two nations.
29 September 2022, 18:00 PM

Prices of essentials can’t be reduced using force: Planning Minister

Planning Minister MA Mannan has said that the price of essentials or inflation cannot be reduced using sticks and stones or by using force.
29 September 2022, 15:51 PM

Wholesale, retail sectors yet to fully recover

Wholesale and retail establishments that saw their business crippled by Covid-19 may have enjoyed some recovery alongside the return to economic normalcy but the ongoing Russia-Ukraine war now threatens to offset their gains amid global inflationary pressure.
29 September 2022, 02:50 AM

Nearly five years on, govt supervision yet to come about

Bangladesh Ship Recycling Act, 2018 was enacted four and a half years ago but its implementation has stayed limited to just the formation of a board. 
29 September 2022, 02:40 AM

Economic growth momentum at risk for global volatility: BB

The economy faces multidimensional challenges as the volatile global scenario threatens to create an adverse situation for the growth momentum of Bangladesh, the central bank warned yesterday. 
29 September 2022, 02:10 AM

Brac Bank wins accolades in South Asian Business Excellence Awards

Brac Bank recently won five awards in five different categories in the South Asian Business Excellence Awards 2022 for its digital transformation, social and sustainable initiatives.
28 September 2022, 18:00 PM

Access to short-term forex loans widens

The Bangladesh Bank yesterday raised the ceiling of the rate at which local clients secure finances from external sources through local banks after the benchmark rate hikes by the United States central bank made it difficult for them to access finances.  
28 September 2022, 18:00 PM

Eskayef injectables facility gets US FDA approval

The injectables manufacturing facility of Eskayef Pharmaceuticals, one of the leading pharmaceutical companies of Bangladesh, has received approval of the United States Food and Drug Administration (US FDA). 
28 September 2022, 18:00 PM

Govt to purchase Tk 597cr fertiliser to boost stock

The government yesterday placed more orders to buy fertiliser in order to augment the stock for the vital agricultural input to ensure smooth cultivation of crops in the coming seasons, particularly the boro when Bangladesh’s main rice crop is produced.  
28 September 2022, 18:00 PM

Walton approves 250pc dividend

The board of directors of Walton Hi-Tech Industries PLC approved 250 per cent cash dividend for the general shareholders and 150 per cent cash dividend for sponsors and directors for financial year 2021-2022.
28 September 2022, 18:00 PM